Abdel Rahman Shalaby

Stock Exchange employees postpone planned strike action
Business

Stock Exchange employees postpone planned strike action

Employees of the Egyptian Stock Exchange have postponed a strike slated for Thursday until after they have met with the…
Egyptian stock exchange suffers fifth worse loss on record
Business

Egyptian stock exchange suffers fifth worse loss on record

The Egyptian stock exchange on Wednesday lost more than LE10 billion, the fifth biggest one-day loss in the country's history.
Analysts voice optimism for Egyptian investments in post-Qadhafi Libya
Business

Analysts voice optimism for Egyptian investments in post-Qadhafi Libya

Analysts have predicted that Egyptian investments in Libya will be positively affected by the success of anti-regime rebels in ousting…
Citadel Capital chairman cleared of corruption charges
Business

Citadel Capital chairman cleared of corruption charges

Citadel Capital chairman Ahmed Heikal returned to Cairo on Sunday after he was cleared of charges relating to a suspicious…
Finance experts warn against trading shares of corrupt officials
Business

Finance experts warn against trading shares of corrupt officials

Investment experts have warned investors against conducting transactions that involve shares owned by persons being investigated for corruption. Mohsen Adel,…
Stock brokerage referred to Egypt’s prosecution
Business

Stock brokerage referred to Egypt’s prosecution

The Egyptian Financial Supervisory Authority has referred al-Naeem stock brokerage company to the prosecution on charges of manipulating the prices…
PM to make final decision on date for stock exchange reopening
Business

PM to make final decision on date for stock exchange reopening

Prime Minister Essam Sharaf is to take a final decision soon on the date for reopening the Egyptian stock exchange.…
Losses on Egyptian Stock Exchange difficult to predict
Business

Losses on Egyptian Stock Exchange difficult to predict

Predicting losses on the stock index when the Egyptian Stock Exchange finally re-opens is difficult, said financial experts on Monday.…
Egypt’s stock exchange to remain closed on Tuesday
Business

Egypt’s stock exchange to remain closed on Tuesday

The management of the stock exchange said it would still be closed on Tuesday until banks operate normally, adding that…
Presidential scion Gamal Mubarak took LE189.45 million in profits from EFG-Hermes
Business

Presidential scion Gamal Mubarak took LE189.45 million in profits from EFG-Hermes

Egyptian investment bank EFG-Hermes announced on Sunday that Gamal Mubarak, son of former president Hosni Mubarak, had taken LE189.45 million…
Govt prepares legislation to boost SMEs
Business

Govt prepares legislation to boost SMEs

The Egyptian government is drafting a set of legislation to boost investment in small and medium enterprises (SMEs), according to…
Vimpelcom seeks loan to buy OT, Wind
Business

Vimpelcom seeks loan to buy OT, Wind

Russian mobile operator Vimpelcom is trying to secure a US$4 billion loan in order to fund a merger with the…
Egypt exchange maintains upward trend amid investor confidence
Business

Egypt exchange maintains upward trend amid investor confidence

Egypt's EGX 30 stock market index has continued its gradual climb, rising 0.7 percent to settle at 6701.18 points by…
Algiers halts evaluation of Djezzy, Orascom Telecom shares rise
Business

Algiers halts evaluation of Djezzy, Orascom Telecom shares rise

Shares in Egypt's blue-chip Orascom Telecom (OT) rose on the local stock market on Sunday after it emerged that the…
Stock exchange drops slightly
Business

Stock exchange drops slightly

The Egyptian stock exchange recorded a minor drop of 0.13 percent on Thursday, the first day for its new director…
Former stock market director faces questioning
Business

Former stock market director faces questioning

Attorney General Abdel Meguid Mahmoud has summoned the former director of Egypt’s stock market, Maged Shawky, and the head of…
Algeria announces new law restricting foreign investment
Business

Algeria announces new law restricting foreign investment

Algeria announced a series of measures on Sunday that will give preferential treatment to domestic firms over foreign rivals, strengthening…
Egyptian stock market up 1.57%
Business

Egyptian stock market up 1.57%

The Egyptian Stock Exchange rose notably on Sunday, with foreign investors tending to buy amid a wave of selling by…
EGX30 up 1%
Business

EGX30 up 1%

Egypt's main index, EGX30, rose by 1 percent after intensive buying by local and Arab investors, while foreigners largely sold…
Stock market up 2.8% despite Greek woes
Business

Stock market up 2.8% despite Greek woes

The Egyptian stock exchange's EGX 30 index on Sunday rose by 2.8 percent, or 180 points, to close at 6518,…
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